Franklin Street Brokers $18.8M Multifamily Sale in South Florida Opportunity Zone

January 5, 2021

Treevita acquired the 180-unit apartment community in Lauderhill BROWARD COUNTY, FL (January 5, 2021) – Franklin Street has arranged the sale of a 180-unit value-add apartment community in South Florida for $18.8 million, or $104,444 per unit. The community is located in a federally identified Opportunity Zone in Lauderhill, just outside Fort Lauderdale. Franklin Street’s…

Franklin Street Arranges $14M Sale of Chattanooga Shopping Center to Coastal Equities

January 4, 2021

The property features national tenants including Hobby Lobby, Dollar Tree, Stockdale’s, Staples and Ashley HomeStore Outlet CHATTANOOGA, TN (January 4, 2020) – Franklin Street has arranged the sale of Northtowne Centre, a 257,744-square-foot regional shopping center in Chattanooga. Coastal Equities, a South Florida-based commercial real estate investment company, acquired the asset for $14 million. Franklin Street’s John Tennant and Bryan Belk, of the…

The Chattanoogan: Hixson Shopping Centers Sells For $14 Million

Franklin Street has arranged the sale of Northtowne Centre, a 257,744-square-foot regional shopping center in Hixson at 5450 Highway 153. Coastal Equities, a South Florida-based commercial real estate investment company, acquired the asset for $14 million. Franklin Street’s John Tennant and Bryan Belk, of the firm’s Atlanta Retail Investment Sales Team, represented a private seller…

SFBJ: Treevita buys Lauderhill apartments for $19M

January 2, 2021

The Royal Oaks Apartments in Lauderhill sold for $18.8 million. Royal Oaks Square LLC, managed by veteran multifamily investor Krishna Persaud of Coral Springs-based KVR Properties, sold the 180 apartments at 5211 N.W. 27th St. and 5411 N.W. 25th Court to Treev-180 Units Lauderdale Investments, managed by Hugo Cascavita of North Miami Beach-based Treevita Group. The buyer assumed a…

The Real Deal: Investment firm buys Lauderhill apartments in Opportunity Zone

December 31, 2020

Real estate investment firm Treevita bought 180 apartments in Lauderhill for $18.8 million. The buildings are in a federal Opportunity Zone, and located at 5211 to 5458 Northwest 27th Street and 5411 Northwest 25th Court, according to records. Franklin Street’s Dan Dratch, Greg Matus, Michael Dolgos and Travis Jones represented the buyer and seller. New Colony…